In the News

By ARIAN CAMPO-FLORES and ROBBIE WHELAN MIAMI— General Growth Properties Inc. and Ashkenazy Acquisition Corp. are paying $280 million for a 20% stake in the company that owns much of this city’s Design District, betting on the emerging luxury-retail neighborhood as some 50 brands prepare to open new stores. The deal with Miami Design District Associates, announced Tuesday, […]

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By Gail Kalinoski, Contributing Editor – AS SEEN IN COMMERCIAL PROPERTY EXECUTIVE Deka Immobilien GmbH, a Germany-based real estate investment company, and Ashkenazy Acquisition Corp. of New York have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. for $170 million from Morgan Stanley. Located at 44th Street and Fifth […]

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By Claire Moses – AS SEEN IN THE REAL DEAL Ashkenazy Acquisition and Germany-based Deka Immobilien Investment have bought two retail condos at 522 Fifth Avenue. The investors paid $170 million — or a little more than $6,400 per square foot — for the location at West 44th Street, according to the New York Post. Morgan Stanley, […]

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